Multiple Taxation Still Top Business Constraint Despite New Laws — LCCI

Multiple taxation remained the most pressing constraint for Nigerian businesses, ahead of insecurity and interest rates.
This is according to the Central Bank of Nigeria’s (CBN) September 2026 Business Expectations Survey, cited by the Lagos Chamber of Commerce and Industry (LCCI) at its fourth quarterly press briefing on the state of the economy held on Thursday, in Lagos.
The president of LCCI, Engr. Leye Kupoluyi, said the situation persists despite stiff penalties of up to N5 million or three years’ imprisonment for illegal tax collection under the new laws.
“Manufacturers in Apapa report that trucks are still stopped by several agencies and by non-state actors between the ports...